Some of the materials exported include components used in night vision systems on the M1A1 Abrams tank, the U.S. Armed Forces’ main battle tank, according to a statement from the Department of Justice.

Chief Executive Doug Oberhelman told a crowd of about 200 people Friday that after two years of study, the $55 billion global construction equipment maker will modernize its riverfront complex to include a three-tower building.

You might be surprised to learn who will be attending the Chicago Auto Show, which opens Saturday and runs through Feb. 22. If you’re thinking men and boys, and grease monkeys with tool chests, Auto Show CEO Dave Sloan says last year’s research says otherwise.

CHICAGO (AP) — Expedia is buying rival online travel site Orbitz for approximately $1.33 billion, adding to the stable of brands it has snapped up recently in order to extend its reach and keep pace […]

The Equal Employment Opportunity Commission investigated the Texas plant, which closed in 2011, for two years after dozens of employees filed complaints against Chicago-based Sara Lee, which has since morphed into Hillshire Brands.

Pfizer is buying Hospira for approximately $15.23 billion, saying it is a good fit with its global established pharmaceutical business. Hospira Inc., based in Lake Forest, Illinois, is a provider of injectable drugs and infusion technologies.

Ford said Wednesday that up to 500 workers will transition from an entry-level wage of $19.28 per hour to a top-tier wage of $28.50 per hour over the next two months. The first workers will get word this week. The majority of the workers affected are at plants in Chicago; Kansas City, Missouri; and Louisville, Kentucky.

Illinois will receive a $52.5 million share of a multi-state settlement with Standard & Poor’s over allegations that the credit ratings agency knowingly inflated ratings of risky mortgage investments that sparked the financial crisis of 2008, Attorney General Lisa Madigan announced Tuesday.

Chicago area entrepreneurs filled an auditorium at Kennedy-King College on Friday, hoping Whole Foods would pick their products to fill the shelves of a store scheduled to open in Englewood at the end of the year.

CBS 2’s Jim Williams reports months ago governments they didn’t anticipate today’s plunging oil prices, so now they have extra money. But one analyst warns: don’t be so quick to spend it on other things.

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WBBM’s Comcast Business Class Newsmakers Series had Facebook co-founder Chris Hughes talk about social media applications and technologies to a packed Navy Pier Grand Ballroom on October 27th. (credit: CBS/Steve Hardy)

Already in prison for the murder of his third wife, former Bolingbrook cop Drew Peterson on Tuesday pleaded not guilty to charges he tried to hire a hitman to kill the prosecutor who put him behind bars.

Mayor Rahm Emanuel threw cold water on the Chicago Cubs’ request to begin working on Wrigley Field renovations around the clock, after cold winter weather significantly delayed construction of new bleachers.

After “48 Hours” uncovered evidence that casts doubt on the verdict that sent a teacher to prison for the death of a 16-month-old boy, the Lake County Coroner was calling for authorities to reopen the case.

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